Consumer prices rose 1.3% year-on-year in October, slower than the 1.6% increase seen in September. Inflation was forecast to slow marginally to 1.5%. The figure reflected a slowdown in food inflation.
On a light day for economic news form the region, France's industrial production growth slowed notably in September, the statistical office Insee reported. Industrial output grew only 0.1% on a monthly basis, following August's 1.7% expansion. Nonetheless, economists had forecast output to show nil growth.
Eurozone finance ministers called on the Greek authorities to finalise the financial sector measures ahead of the relase of 2 billion euros of bailout funds. On the finalisation of both financial and legislative measures over the course of the coming week, the European Stability mechanism would unlock funds.
The Euro Stoxx 50 index of eurozone bluechip stocks fell 0.38 per cent, while the Stoxx Europe 50 index, which includes some major U.K. companies, dropped 0.25 per cent.
The German DAX, the Frenceh CAC 40, Switzerland's SMI and the FTSE 100 index of the U.K. slid between 0.4 per cent and 0.5 per cent.
In Frankfurt, Evotec fell 3.6 per cent, after the drug discovery and development company announced 9-month results.
RWE fell 2.6 per cent and E.ON dropped 1.3 per cent.
Commerzbank and Deutsche Bank were moderately lower.
Fresenius added 0.9 per cent. Deutsche Telekom and SAP advanced 0.7 per cent each.
Bayer, Henkel and Deutsche Post added moderately.
In Paris, Technip fell 2.3 per cent and Total was modetly down.
Retailer Kering, telecom firm Orange and Veolia Environment added between 0.4 per cent and 0.7 per cent.
Lagardere climbed 1.8 percent. The publishing company reported growth in third-quarter like-for-like sales.
In London, retailers Wm Morrison Supermarkets and Tesco fell 3.3 percent and 3.2 percent, respectively.
Vodafone climbed 4.2 percent after boosting its full-year forecast.
National Grid advanced 2.1 percent while ITV gained 1.1 percent.
Celyad climbed 4.4 percent in Brussels after the company announced the completion of the 30-day safety follow-up in NKG2D CAR T-Cell phase I trial.
Ericsson dropped 4.5 percent in Stockholm, and Delta Lloyd plunged 6.7 percent in Amsterdam.
Most Asian stocks fell after global growth concerns engulfed the U.S. and European markets overnight. Commodity price weakness and U.S. rate hike worries also kept investors on edge.
In the U.S., futures point to a lower open on Wall Street. All the three U.S. averages fell about 1 percent on Monday as investors pondered over prospects of U.S. interest rate hikes and slowing Chinese growth.
Crude for December delivery added $0.13 to $44.00 per barrel, while December gold rose $4.3 to $1092.4 a troy ounce.
Source: http://www.rttnews.com/2578619/european-markets-lower-on-china-data-but-vodafone-climbs.aspx?type=uscom
